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Better System Trader

Latest episodes

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Jan 31, 2024 • 49min

221: Bad trades, shorting disasters and just get out!

Discover the good, the bad and the ugly of systematic trading as our guest Cesar Alvarez from Alvarez Quant Trading shares some key moments in his trading career all traders can learn from!    Key Points You'll Learn:   The impact of bad trades and what to do when you’re in a trade you shouldn’t be in (the answer may not be what you think!), Why the market can actually be a distraction to your trading and how watching the market LESS could be the key to improving your results, Shorting disasters and how to avoid that one disaster trade that could wipe out your account, A common perception about systematic trading that just isn’t true (and how to overcome it), Plus loads of insights into algo trading, risk management, short selling and valuable lessons from many years of trading.   Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.  
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Jan 16, 2024 • 51min

220: 3 Biggest Lessons From Tennis Pro to Trading Pro

Jump right into this exciting episode where Scott, a former tennis coach turned expert trader, shares his journey and tricks of the trade. With his witty anecdotes and deep insights, Scott's story isn't just about trading; it's a tale of transformation and finding success in unexpected places.   Key Learning Points:   Transitioning Careers: Hear how Scott switched from tennis coaching to trading and the lessons he learned. Trading Strategies: Discover Scott's approach to different trading strategies and what works best. Risk Management: Learn about the importance of balancing trade size and managing risks. Cultural Influence: Find out how culture can significantly impact your trading success. Adapting to Change: Gain insights on staying flexible and adapting to market changes.   Disclaimer: Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.  
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Jan 3, 2024 • 54min

219: 3 Biggest Lessons from Chart Trader to Algo Hedge Fund Manager

Breakout trading specialist and Hedge Fund manager Tomas Nesnidal shares his 3 biggest lessons from his start in discretionary chart trading up to breakout trading mastery. Topics include the transition from discretionary to algorithmic trading, the role of lifestyle in trading choices, exploring breakout trading strategies, incorporating robustness testing in trading, and the importance of exit strategies over entries.
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Dec 21, 2023 • 22min

218: Trading Triumphs - Jerry Parker #3: The Dangers of Optimization

Want better performance from your trading strategies?   In part 3 of my chat with legendary trend-following Turtle Trader Jerry Parker we discuss optimization, how to really extract better performance from your trading, and common traps to avoid.   Key discussion points:   Minimizing Optimization for Maximum Effect: How over-complicating your approach can backfire, why less is often more when it comes to trading strategies and what you should do instead. The Power of Simplicity: Learn why fewer rules often lead to better trading outcomes. The Role of Back Testing: Discover the benefits and limitations of this crucial and often mis-used trading tool. Diversifying Exits for Better Results: How diversifying your exit strategies can enhance your trading performance. Adapting to Market Volatility: Tips on how to stay afloat and succeed in fluctuating markets. And much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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Dec 19, 2023 • 18min

217: Trading Triumphs - Jerry Parker #2: Excessive Risk

This is part 2 of my chat with legendary trend-following Turtle Trader Jerry Parker.  In this episode, Jerry unravels the complexities of trading size, risk management, and the mental fortitude required in the world of trading. From personal anecdotes to professional insights, this episode is a treasure trove for traders at any level.   Key Points You'll Learn: Trading Within Limits: Understand the importance of trading size that aligns with your comfort level. Adhering to Systems: Discover why sticking to systematic rules is crucial for long-term success. Mental Resilience: Learn about the psychological challenges in trading and strategies to cope with stress. Personalizing Risk Management: Find out how to balance risk-taking with your personal risk tolerance. Learning from Mistakes: Hear about Jerry's early experiences and how they shaped his approach to trading Plus much more.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
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Dec 18, 2023 • 22min

216: Trading Triumphs - Jerry Parker #1: Fear of Executing Trades

In this episode, legendary trend-following Turtle Trader Jerry Parker shares his journey from the initial struggles to mastering the art of trend following. Whether you're a newbie or a veteran in trading, this discussion offers valuable insights and real-life lessons that can transform your approach to the markets. Key Points You'll Learn: Overcoming the fear of entry and the importance of executing trades. The role of systematic rules in trading success. Learning and growing from trading mistakes. Adapting strategies according to market trends. Developing the right trader mindset for long-term success. Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.
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Dec 5, 2023 • 23min

215: Trading Triumphs: Kevin Davey's Journey To Success Part 3

Discover the tactics Kevin used to win the Robbins World Cup Trading Championship. Uncover the art and science behind developing trading systems. Learn how luck influences trading outcomes and the importance of skillful decision-making. Find out why Kevin emphasizes the power of backtesting in creating trading strategies. And much more!
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Dec 5, 2023 • 20min

214: Trading Triumphs: Kevin Davey's Journey To Success Part 2

Kevin Davey, an experienced trader, shares his journey from relentless losses to transforming his trading approach. Topics include the perils of scale trading, emotional and financial impact of repeated losses, transition to algorithmic trading, risk management insights, and the importance of diversification as a strategy.
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Dec 4, 2023 • 27min

213: Trading Triumphs: Kevin Davey's Journey To Success Part 1

Champion trader Kevin Davey shares his journey and strategies for success in trading. Topics include transitioning to full-time trading, effective trading strategies, overcoming challenges, the importance of a supportive environment, and the role of consistency in long-term success.
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Nov 22, 2023 • 1h 10min

212: Trading Triumphs - Brent Penfold's Journey to Success

Trading veteran Brent Penfold shares his journey, from a chance encounter that launched his career to the mentorship that saved him from trading pitfalls. Topics include unexpected opportunities, the importance of mentorship, transitioning to systematic trading, backtesting, and the value of transparency and accountability in trading.

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